Biden Revokes Trump Order Banning TikTok, WeChat

By Adedapo Adesanya Three scientists will share the Nobel Prize in Physics as the Royal Swedish Academy of Sciences recognised Pierre Agostini, Ferenc Krausz and Anne L’Huillier as this year’s recipients for experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter. The three Nobel Laureates in Physics 2023 were recognised for their experiments, which have given humanity new tools for exploring the world of electrons inside atoms and molecules. BREAKING NEWSThe Royal Swedish Academy of Sciences has decided to award the 2023 #NobelPrize in Physics to Pierre Agostini, Ferenc Krausz and Anne L’Huillier

By Precious Olisa The United Arab Emirates (UAE) has established a circular economy committee that will develop a national strategy for the efficient use of resources and reducing waste in the country. A statement disclosed that the team would focus on the circular economy principles of reducing, reusing and recycling materials to minimize environmental impact and save resources. The new circular economy committee comprises public and private sector members, who will promote investments in circularity and accelerate the adoption of circular economy practices. Last year, the UAE announced the UAE Net Zero by 2050 Strategic Initiative, a national drive to

By Kestér Kenn Klomegâh Russian President, Mr Vladimir Putin, has held talks with the Equatorial Guinean President, Mr Teodoro Obiang Nguema Mbasogo, who was in Moscow on an official working visit. The visit could be characterized as historic and interpreted as one major step to broadly review the political situation in the Central African region, and specifically assess the prospects for deepening bilateral cooperation between Russia and Equatorial Guinea. As the current rotating Chairman of the Economic Community of Central African States (ECCAS), the regional economic bloc uniting Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea,

By Kestér Kenn Klomegâh Russian language study is hitting magnificent roadblocks in Africa. For several years after the Soviet collapse, Moscow has been stepping up efforts to strengthen Russian language study and its culture across Africa. But there have been few tangible results largely due to low motivation towards the language, its usefulness is blurry compared to other foreign languages including French, English language and now Chinese. In the previous years, there has been an increasing concern about Russia’s extremely low presence in Africa. Russia’s initial interest was to become part of Europe and construct business ties from Lisbon to

By Adedapo Adesanya Investors at the NASD Over-the-Counter (OTC) Securities Exchange saw their stocks swell by N34.13 billion amid sustained growth, resulting in the fourth straight weekly rise by the bourse. Last week, which was the 27th week of trading of 2023, the market capitalisation of the unlisted stock exchange went up by 3.28 per cent to N1.074 trillion from N1.040 trillion it ended in Week 26. Equally, the NASD Unlisted Securities Index (NSI) expanded by 24.67 points to wrap the week at 776.70 points compared with 752.03 points recorded in the previous week. In the five days of trading,

By Modupe Gbadeyanka The cries and tears of Nigerians on social media which bought about he #EndSARS campaign have finally reached and flowed to the presidency as the Acting President, Mr Yemi Osinbajo, has directed the Inspector-General of Police (IGP), Mr Ibrahim Idris, to carry out a complete reform of the management and activities of the notorious Special Anti-Robbery Squad (SARS) of the police. This information was confirmed by spokesman of the Acting President, Mr Laolu Akande, in a statement signed by him. Mr Osinbajo said the ‘new SARS’ must be intelligence-driven and limited only to the prevention and detection

By Adedapo Adesanya The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for better efforts for the Naira in 2021, urging the Central Bank of Nigeria (CBN) to continue stabilising the foreign exchange rates for economic growth. This call was made by Mr Aminu Gwadabe, ABCON President on Tuesday in an interview with newsmen in Lagos. Mr Gwadabe said that the association’s expectation for 2021 was for the CBN to maximise choices to improve the value of the Naira. “My advice is that the CBN should continue to expand the supply source of the buffers through deliberate

By Adedapo Adesanya Oil declined on Wednesday on worries that the global economy would slow further with renewed restrictions to curb COVID-19 in China, causing the price of the Brent crude futures to drop $2.82 or 2.8 per cent to $96.49 per barrel. Also, the price of the United States West Texas Intermediate (WTI) crude futures depreciated by $2.09 or 2.3 per cent to sell at $89.55 a barrel. The market was hit at the midweek China’s factory activity extended declines in August due to new COVID infections, the worst heat wave in decades, and an embattled property sector that

By Dipo Olowookere The board of NEM Insurance Plc is seeking regulatory approval for its proposed share reconstruction, a notice from the Nigerian Exchange (NGX) Plc has confirmed. Ms Lilian Dako, who signed the disclosure on behalf of the Head of Listings Regulation Department at the NGX, said the underwriting firm filed its application through its stockbroker, Apel Asset Limited. NEM Insurance intends to redenominate the nominal value of its stocks from 50 kobo to N1 and then turn every two shares of 50 kobo into one share of N1.00 each. At the moment, the total authorised shares of the

By Dipo Olowookere The first loss at the nation’s stock market finally came on Tuesday as a result of massive profit taking in some large-cap equities on the exchange, including MTN Nigeria, Dangote Cement, Nigerian Breweries and others. Business Post reports that the bears chased out the bulls from the local bourse yesterday, leaving the market heavily depressed by 1.18 percent to cut the year-to-date gain to 9.09 percent. The market breadth also closed negative with 23 price losers and 13 price gainers. The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) reduced at the close of activities by

By Modupe Gbadeyanka The Nigerian Stock Exchange (NE) has said it would continue clamour for access to quality education to Nigerian children. Speaking to commemorate the first-ever International Day of Education on Thursday, Head of Shared Services Division at the NSE, Mr Bola Adeeko, said, “Promoting access to quality education is a responsibility we take seriously at the exchange, as we have a resolute belief in its ability to unleash the potentials for individuals to stimulate economic growth through skilled labour and innovations that lead to the development of sustainable economies.  “It is this ideology that has driven us to